empty
 
 
18.07.2014 12:13 PM
Technical analysis of EUR/JPY for July 18, 2014

General overview for 18/07/2014 11:00 CET

The market has made an extended fifth wave to the downside that has completed at the weekly support pivot level as anticipated. The recent low has been labeled as green wave 1 of the overall wave progression. Now, the market is in the corrective cycle of green wave 2. Please notice, that the alternate labeling suggests even more impulsive wave progression to the downside. The key level for the bears is at the technical resistance zone between the levels of 137.48 - 137.62. If this zone is not broken, there is still a possibility of one more wave to the downside.

Support/Resistance:

138.00 - Weekly Pivot

137.61 - 137.48 - Technical Resistance |Key Level for Bears|

137.41 - Intraday Resistance

137.17 - WS1

136.67 - WS2

Trading recommendations:

Day traders should consider to open a sell orders from the level of 137.41 with SL above the level of 137.63 and TP at the level of 136.67 with a possible downside extension.

This image is no longer relevant
Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $1000 lebih banyak!
    Pada Juni kami mengundi $1000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback